Currency - Page 19

Official Dollar Rate Now N768, Black Market USD Rate Hits N859

The foreign exchange aggregator, FMDQ Exchange, disclosed that the official forex market closed trading with N768.16/$1 rate on Thursday, 21 July. A report released on Thursday showed the naira to dollar rate

Fakoyejo Olalekan

8 months ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

CBN’s Authorised Dealers Sell Dollar At N853

In the Investors’ and Exporters’ window on Wednesday, the official naira to dollar exchange rate closed at N793.70/$1, rising from N742.93/$1. Prime Business Africa learnt that between Tuesday and Wednesday, the United

Fakoyejo Olalekan

9 months ago

Business·Currency

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

The official market dollar rate on Tuesday was N742.93 kobo/$1 by the end of the session, which is below the N795.28 kobo posted on Monday. This means authorised dealers in the Investors’

Fakoyejo Olalekan

9 months ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Falls In I&E Window, Sold At N804 In Black Market

The naira recovered against the dollar in the Investors’ and Exporters’ (I&E) window of the official market on Monday, according to the FMDQ Exchange. Both currencies exchanged at N795.28 kobo/$1, by the

Fakoyejo Olalekan

8 months ago

The naira's value against the dollar took a hit at the start of the week, with exchange rates opening at N1,200/$1 on peer-to-peer (P2P) platforms

Business·Currency

Naira Falls To Dollar Across Official, Black Markets

The cost of the dollar increased by N57.7 kobo in the Investors’ and Exporters’ (I&E) window and N7 in the Bureau De Change channel on Friday. Prime Business Africa learnt that the increase

Fakoyejo Olalekan

8 months ago

Business·Currency

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

The naira to dollar rate in the investors’ and exporters’ window closed at N746.2/$1 on Thursday, as the value of the United States currency dropped by 4.63 per cent. Prime Business Africa

Fakoyejo Olalekan

8 months ago

Business·Currency

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

FMDQ Exchange, the official market aggregator, reported the naira to dollar exchange rate closed at N782.49/$1 on Wednesday. The United States Dollar was sold at a lower rate compared to the N788.42/$1

Fakoyejo Olalekan

8 months ago

Breaking: CBN Raises Interest Rate To 18.75%

Business·Currency

Banks Are Formalising Black Market Operations, BDC Chief Says, Laments Exclusion

The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said banks are now formalising the black market. Gwadabe stated that while banks are formalising parallel market

Fakoyejo Olalekan

8 months ago

Business·Currency

Forex Transactions Fall, As Dollar, Euro And Pound Cost Buyers More

Investors and exporters traded $68.10 million in foreign exchange on Tuesday, dropping the value of transactions by 30.28 per cent. This represents a shortfall of $29.59 million, as foreign exchange traders recorded

Fakoyejo Olalekan

10 months ago

Business·Currency

Dollar Rate Drops In Official Channel, USD, Pound, Euro Rates Increase in Black Market

The authorised dealers sold the dollar at a reduced rate on Monday, 10 July, as buyers parted with N744.07/$1 at the end of trading in the official market. In a report released

Fakoyejo Olalekan

8 months ago

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Currency - Page 19

Official Dollar Rate Now N768, Black Market USD Rate Hits N859

CBN’s Authorised Dealers Sell Dollar At N853

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

Dollar Falls In I&E Window, Sold At N804 In Black Market

Naira Falls To Dollar Across Official, Black Markets

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

Banks Are Formalising Black Market Operations, BDC Chief Says, Laments Exclusion

Forex Transactions Fall, As Dollar, Euro And Pound Cost Buyers More

Dollar Rate Drops In Official Channel, USD, Pound, Euro Rates Increase in Black Market

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